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    Key milestones approach for Asian markets

    A concerted uplift in fortunes has been witnessed for the Nikkei 225 and SECC.

     

    Several major milestones are on track to be achieved by Asian markets this week.

     

    The Japanese Nikkei Stock Average 225 completed another positive trading session on Thursday (5 November 2015), as the market approached a ten-week high.

     

    It demonstrated growth of 1% to build on gains already recorded this week, after a weaker yen boosted prospects for Japanese exporters and several high-profile stock announcements pushed up gains across the board.

     

    At the same time, the Chinese Shanghai Composite Index (SECC) witnessed a second consecutive day of growth to post an upturn of 1.87%.

     

    The market was bolstered by a jump in blue chip share prices, serving to drive transactional volumes and enable the SECC to push towards a three-month high.

     

    Highlighting a slowdown in the market's uplift towards the end of the day, Shanghai-based investment analyst Du Changchun told Reuters: "The gains eased later perhaps because of some profit-taking, which is normal.

     

    "I think the market will go up further even with some fluctuation."

     

    Indeed, the future now appears to be bright for both the Nikkei and SECC at present, but it is not a sentiment shared by some of the other major indices in the region.

     

    Both Australia's ASX All Ordinaries Index and the Hong Kong Hang Seng Index reported respective losses of 0.89% and 0.01% on Thursday, bringing to a close a day that was typified by impressive gains for some, but heavy losses for others.


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